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Marshall Plan – Dwight D. Eisenhower – Operation Torch

An American initiative passed in 1948 to help rebuild Western European economies after the end of World War II. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of Communism. The largest recipient of Marshall Plan money was the United Kingdom […]

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OIL BOOM

An oil boom is a period of large inflow of income as a result of high global oil prices or large oil production in an economy. Generally this short period initially brings economic benefits in terms of increased Gross Domestic Product growth but might later lead to a resource curse. INTRODUCTION:  For decades the Middle […]

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Problems of South East Asia -3

  Racial Riots- The 1964 July racial riots in Singapore is considered to be one of the worst incidents in the history of Singapore as this riot killed 22 people and caused 454 to suffer severe injuries. This riot occurred during the procession to celebrate Mawlid where twenty-five thousand Malay had gathered at the Padang. […]

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Problems of South East Asia -2

  POLITICAL AND ECONOMIC PROBLEMS OF SOUTH-EAST ASIA Economic and Human Issues-   Southeast Asia encompasses countries at dramatically different stages of economic and human development. Burma and Cambodia are among the world’s low-income countries, as classified by the World Bank, while Singapore is the third-richest country in the world measured by GDP per capita. […]

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Problems of South East Asia -1

Introduction   The term ‘Southeast Asia’ was first used to define a “war theatre” during World War II. As such, unlike some other regional descriptions, it is not a term with a long or resonant history. However, it is now well-established, as demonstrated by the fact that the main regional intergovernmental body is the Association […]

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